More to Do With Your Wireless Device or Phone: Paying by mobile, that’ll do nicely
Not satisfied with replacing your landline, MP3 player, camera and alarm clock, mobile phone manufacturers have now set their sights on supplanting your wallet. Their new generation of phones will link to your credit or debit account as part of a joint initiative with phone operators, banks and credit card companies. They predict this one-swipe payment technology will potentially replace cards and cash and make it possible to go shopping armed only with a mobile phone.
A “pay-by-mobile†system already operates in Japan, where it is nicknamed “o-saifu keitai†(mobile wallet), and trials are under way in the United States, France and Sweden.
Source: Sunday Times (UK)
Thanks to Pete Weiss for the news tip.
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on Monday, April 30th, 2007 and is filed under Business and Economics, Web 2.0, Wireless Web and Search.
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